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Newspaper
The Times Herald Record
Location
Middletown, New York, United States of America
Date
Jun 07, 1975
Page
14
Wall Street notes Foxboro remains a volatile growth candidate with a $190 million backlog and earnings swings from 24 cents to 82 cents in the latest quarter. The firm trades near 36 after a peak of 77, with 1976 guidance modest and a cautious outlook for orders as it eyes a resurgent economy next year.
The ERDA asked the National Academy of Sciences to study whether a fast breeder reactor is needed, a task to take at least 18 months and push the plant’s fate to early 1977 or later. The move could curb a $1.7 billion Tennessee demonstration project and deepen congressional resistance to funding. ERDA’s Robert Seamans weighs slowing site work and seeking broader nuclear power guidance. In Fredonia, an $80,000 grant funds a yearlong study on coal waste environmental impacts.
The New York Stock Exchange shows a mixed session as large trading, with numerous names advancing or retreating. Major movers include AmEx and IBM with notable price swings, while names like CocaCola and AT&T display varied gains amid unsettled market sentiment.
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